Builder Buys 86.5 Acres

Lexington Homes has bought 86.5 acres of Aloma Avenue and Dean Road in east Orange County for $2.8 million for construction of patio and multifamily homes and a shopping center.

The property was sold by Kana Investments.

Mark Kingsley, of the Realty Corporation of Florida, represented both the buyer and the seller in the transaction.

Kingsley also was involved in the $3.5 million purchase of 30 acres at Conroy and Kirkman roads in southwest Orlando. The property was bought by Murray Investment Co., Dallas, and The Walsh Corp., Charlotte, N.C., for construction of a 564-unit apartment complex.